“The sale of Arby’s provides substantial benefits to our stockholders and we are pleased to have worked with Roark Capital on its successful completion. We congratulate Roark on the Arby’s acquisition and are we are pleased to retain an 18.5 percent common stock interest in the Arby’s business. We believe in Arby's turnaround and look forward to being able to benefit from the brand’s future successes.”

With the Arby’s sale, Wendy’s/Arby's Group has changed its name to The Wendy’s Company.

Smith:

“With the transaction now behind us, we look forward to devoting our
full attention and resources toward realizing Wendy’s exciting growth
prospects, which include revitalizing the core menu, expanding into new
dayparts including breakfast, modernizing our facilities, building new
restaurants in the United States and pursuing global expansion. Our new
corporate name and logo signals our commitment to the Wendy’s brand
following the sale of Arby’s. We’ve incorporated the original Wendy
cameo into our new Company logo and we’re highlighting a phrase that’s
been a defining point of difference for Wendy’s for more than 40 years –
Quality is Our Recipe. We’ve added the phrase ‘Worldwide’ to our
tagline to emphasize Wendy’s global aspirations.”